The Income Tax Act, 2025 replaces old reassessment provisions with Sections 279 to 286 and increases reopening timelines in certain cases. Tax professionals must carefully examine applicability based on the relevant tax year.
The article explains how departmental GST audits can identify compliance gaps, strengthen internal controls, and reduce future litigation and penalty exposure through early corrective action.
The amended Finance Bill 2026 abolishes the Tax Recovery Officer’s power to arrest and detain taxpayers for recovery of dues. The move is positioned as a taxpayer-friendly reform aimed at reducing coercive recovery measures.
ITAT Raipur held that additions based on server data, search records, and investigation reports cannot survive if such material is not supplied to the assessee. The Tribunal ruled that denial of rebuttal opportunity violates principles of natural justice.
GSTAT के नए आदेश के अनुसार सभी लंबित और नई अपीलें पहले Division Bench के समक्ष सूचीबद्ध होंगी। केवल कानून का प्रश्न न होने पर ही मामला Single Bench को भेजा जा सकेगा।
The Code on Wages and the 2026 Rules introduce a uniform wage definition and cap exclusions at 50% of total remuneration. Employers may need to redesign salary structures due to higher PF, gratuity, and bonus liabilities.
The Tribunal held that cash deposits during demonetisation cannot be treated as unexplained when backed by audited books, invoices, stock records, and VAT returns. The ruling clarifies that genuine business sales cannot trigger Section 68 merely due to acceptance of old currency notes.
The Tribunal ruled that non-specification of the precise statutory charge under sections 270A(2) and 270A(9) violated principles of natural justice. Penalty proceedings were therefore held invalid and unsustainable.
The article explains all important income tax deadlines for FY 2026-27 under the new Income Tax Act, 2025. It covers advance tax, TDS, ITR filing, audit reports, and penalties for non-compliance in a month-wise format.
PRGI Title Verification is the first legal step for starting newspapers, magazines, and journals in India. The process ensures that publication titles are unique and compliant with the new digital registration framework.
